221 Hempstead Tpke West Hempstead, NY 11552-1541
This exceptional mixed-use property in West Hempstead, NY, offers 10,400 square feet of versatile space, ideally situated on Hempstead Turnpike. The property consists of two buildings, each two stories high, and includes four established retail units and two residential apartments. A significant 5,000+ square feet of office space presents a unique opportunity for conversion into an additional five residential apartments, potentially increasing the total unit count to seven. This presents a compelling investment opportunity for both investors and end-users, allowing for owner-occupancy while generating rental income from the seven units. The property benefits from convenient access to a municipal parking lot with over 60 spaces, ensuring ample parking for residents and customers. Its prime location, near a planned residential development adding approximately 450 new apartments, promises future growth and increased demand. The asking price is $2,495,000. This is a rare chance to acquire a substantial mixed-use property in a thriving Nassau County community. The property's address is 221-223 Hempstead Turnpike, West Hempstead, NY 11552.
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Hempstead Turnpike Dental Supply Dental Office
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Olinda's Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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